Wednesday, October 26, 2011

Mortgage Rates Slightly Higher; More HARP 2.0 Chatter

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Oct 26, 2011 5:20PM

Mortgage Rates Slightly Higher, Still Facing Uncertainty

Today's much anticipated Summit in Europe sent Mortgage Rates very slightly higher, but overall, the changes were minor, especially when compared to the speculation surrounding the event. But rates aren't out of the woods yet in terms of uncertainty and volatility. Lenders are more stratified in their offerings today vs yesterday, but Best-Execution remains at 4.125% on average, but in some cases, your quote today could be an eighth higher. Today's Rates: BESTEXECUTION 30YR FIXED - Mostly 4.125%...

Oct 26, 2011 10:29AM

Continued HARP 2.0 Chatter; Uh-oh...Now Genworth? Basel III Rumblings

Mobile homes: personal or real property? This may shed some light on the issue. First RMIC, then PMI, now...Genworth ? And at some point even the other MI companies would agree that we don't need one less company writing policies. The hype from Monday's HARP 2.0 announcement about making it easier for credit-impaired borrowers to refinance might give the impression that it will filter through into the economy and the housing market. It is a good step, but in a conference call from Credit Suisse ...


Micro News

3:59 PM:

Anticlimactic Market Response to EU Summit. Is That a Hint?

3:53 PM:

Euro Zone Seeks 100 bln Euro Cut in Private Sector Greek Debt

3:25 PM:

FHFA Announces Feddie Mac Board and Managment Changes

1:43 PM:

Reprice Risk Shifting Back to Negative, But MBS Hold Range

1:08 PM:

Negative Reprice Risk Wanes After Good 5yr Auction

11:48 AM:

MBS Near Lows as Stocks Rally. Negative Reprice Risk Increasing

11:10 AM:

Fed Proposes Simpler Rules for Banks' Reserve Requirements

11:01 AM:

Fannie Mae: Q3 Multifamily MBS Issuance Surpasses 2010 Totals

Around the Web

Video News

Ex-Goldman Sachs Director Surrenders

Franklin Says Europe Summit to `Shatter' Investor Hopes

Daurio Says FHA Mortgage Auctions May Miss Expectations


Today's Comments

Jason Harris

"Here is my take...most wholesalers are dubious about wether HARP will be offered in the way it is intended. There seems to be an echo of folks who voice..."

Deanne Powell

"In my experience the second mortgage holder does subordinate as long as the new first mortgage is saving the borrower money. My clients have gone as far..."

Bryant Jorgenson

"I can't believe that they didn't extend the qualification date beyond the current deadline. I continually get calls from people who originated..."

Today's Q&A

"What would replace the 30 Year Mortgage?"

"My mortgage has a large escrow balance due. What does it mean? "

"Who do I contact if I want to buy a REO home from Bank of America? "